News Department
WalletHub: New Jersey ranks 10th among the states where mortgage rates are increasing the least
NEW JERSEY – New Jersey ranks 10th among the states where mortgage rates are increasing the least, according to a WalletHub study.
With the average interest rate on mortgages increasing in 44 of the 50 states between Q1 2024 and Q2 2024, the personal-finance website WalletHub Thursday released its new report on the States Where Mortgage Interest Rates Are Increasing the Most.
New Jersey Stats
- Overall Rank: 41st
- Average Mortgage Interest Rate in Q2 2024: 7.37%
- Change in Average Mortgage Interest Rate (Q2 2024 vs. Q1 2024): 0.30%
Source: WalletHub
Here are the top 5 states where mortgage interest rates are increasing the most:
- Colorado
- Missouri
- Louisiana
- South Carolina
- South Dakota
Here are the top 5 states where mortgage interest rates are increasing the least:
- Idaho
- Texas
- Rhode Island
- Montana
- Utah
To see the full list, click here.